Bishop Home Prices & Values

$328,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 10.5% 1-year change
  • No data 1-year forecast

The median home value in Bishop is $328,500. Bishop home values have gone up 10.5% over the past year. The median list price per square foot in Bishop is $200, which is higher than the Bishop Metro average of $180. The median price of homes currently listed in Bishop is $379,900 while the median price of homes that sold is $309,471. The median rent price in Bishop is $1,200, which is higher than the Bishop Metro median of $1,125.

Foreclosures will be a factor impacting home values in the next several years. In Bishop 2.7 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Bishop is 6.7%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Bishop homeowners underwater on their mortgage is 15.5%.

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Relative ZHVI
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Bishop Market Overview

Data through Jun 30, 2014
  • $328,500 ZHVI
  • No data 1-yr forecast
  • $379,900 Median listing price
  • $309,471 Median sale price
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Bishop Market Health

Data through Jun 30, 2014
  • 3.2/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 15.5% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 6.7% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

2.7 homes(May 31, 2014) Bishop
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Shaver Lake $382,500 June Lake $298,500 Auberry $271,900
Big Pine $197,600    

Listings & Sales

Data through Jun 30, 2014
  • $200 Median list price / sq ft
  • $176 Median sale price / sq ft
  • 28.2% Listings with price cut
43.8%
Sold below listing
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Bishop Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,706 Bishop
$1,544 Bishop Metro
$1,310 United States
  • No data Breakeven horizon
  • $1,200 Rent list price (May 31, 2014)
  • $0.94 Rent list price / sq ft (May 31, 2014)
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